B of A Securities Maintains Buy on Burlington Stores, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains a Buy rating on Burlington Stores (NYSE:BURL) and raises the price target from $245 to $250.
March 08, 2024 | 5:22 pm
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B of A Securities maintains a Buy rating on Burlington Stores and raises the price target from $245 to $250.
The upgrade in the price target by a reputable analyst firm like B of A Securities typically signals a positive outlook on the stock, suggesting that the firm believes the stock has the potential to reach or exceed the new target price in the short term. This can lead to increased investor confidence and potentially drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100